Potential Breakout Alerts!

[Wyatt]

Triangles...Who's looking for triangles...CLQ has plenty. This one may soon make up it's mind one way or the other.



Telamelo, CLQ is MLM's big brother in Scandium, Nickel and Cobalt, maybe why MLM is getting some attention? The weekly chart has looked interesting for a while

 

[Wyatt]

The chart for EML is once again looking interesting after a stellar year and a nasty pullback due to a cap raise among other things. The market liked the recent report and they are involved in the growth industry of gambling (some irony there) The stock did well during the tougher times at the beginning of the year so may have some defensive traits.



I think it moves into the ASX300 soon so may attract more interest

 

[Wyatt]

Does anyone actually do this stuff as it happens or just after the event where you can get it right every time

 

[rnr]

Does anyone actually do this stuff as it happens or just after the event where you can get it right every time

View attachment 67994

What about CLQ from a weekly perspective?

 

[Wyatt]

PLS presents potential considering the chart and the arrival of the long awaited BFS, probably coming out this week and an insto recently reported a substantial holding. Hopefully going green in this case will be a winner.
Will this one fly up to .68? Where is our resident expert in descending triangles breakouts Dutchie?

 

[Telamelo]

OOK alert/on watch as recently announced "Successful launch of their Akela Platform"
http://au.i3investor.com/servlets/anpth/604886.jsp

Chart shaping up with a pick up in price/volume/momentum yesterday.. Please DYOR

Cheers tela

 

[Wyatt]

SIP all time high close today after recent positive report, prolly a little late for a "potential breakout" but still noteworthy especially considering current market.

 

[Telamelo]

OOK alert/on watch as recently announced "Successful launch of their Akela Platform"
http://au.i3investor.com/servlets/anpth/604886.jsp

Chart shaping up with a pick up in price/volume/momentum yesterday.. Please DYOR

Cheers tela

OOK closed strongly on it's high @.029c (grapevine rumour is some broker's are 'getting their clients into this one')
http://au.investing.com/equities/ookami-ltd

DYOR .... Cheers tela

 

[Wyatt]

Hi All,

This looks to be a very interesting weekly chart, because on the left side of the cup and handle looks to be a piece of Toblerone!

View attachment 67663

Cheers,
Wyatt

Update on CUV
Nice to have one going in the right direction.... just. It's a long way to the bottom of the cup.

 

[cropcos]

SIP forming a tight consolidation after a swift rise above former highs. Pattern forming on declining volume. appears to be no resistance above. watch for breakout above $1.44

 

[Kryzz]

ASB looking good here also:

 

[Boggo]

ASB looking good here also:

Yes, looking good on a weekly chart too along with old mate TGA.

(click to expand)

 

[Kryzz]

ELD consolidating on the weekly

 

[Wyatt]

LHC going in the right direction atm

 

[Wyatt]

This one has been drifting around for a while now. Can it get support and climb over $6.15 into clean air this time round?

 

[barney]

It has had a stellar run. I'm expecting a bit of profit taking to kick in around these levels but given the large buy orders going through recently, any retrace could be a good entry level if the price of Gold stays solid. Certainly worth watching for anyone not on it yet.

Quoting myself but PNR is playing out as expected. I've been harping on about it for a few months now and it continues to hold up well against a meandering Gold price. They continue to increase production and find more gold in the ground so I'm happy to be in early.

Currently giving the 20 cent area a little nudge after a nice consolidation phase although I think the "real" breakout is a little way off given the POG is still finding a bottom.

Any type of serious move North in the POG over the next few months will see PNR will turn into a serious cash cow. Spec of the year for mine .... enough ramping for now

 

[barney]

Any type of serious move North in the POG over the next few months will see PNR will turn into a serious cash cow. Spec of the year for mine .... enough ramping for nowView attachment 69492

Quick follow up on PNR .... starting to look interesting. Breaking into newer highs with minimal consolidation on the last step. Sometimes they just jump from these positions. We shall see.

 

[Wyatt]

MSB ........Now there's a stock that lives in the trend following hall of fame. 2010/11
Has anyone else had a nibble at this one? Did read elsewhere that the B/O was a bag n tag operation, but could be worth a crack as a stop is within reasonable distance and a bit of volume. Looks to be a nice cup n handle on a longer timeframe
All comments welcome, good bad and indifferent.

Wyatt

 

[Cam019]

View attachment 70187
MSB ........Now there's a stock that lives in the trend following hall of fame. 2010/11
Has anyone else had a nibble at this one? Did read elsewhere that the B/O was a bag n tag operation, but could be worth a crack as a stop is within reasonable distance and a bit of volume. Looks to be a nice cup n handle on a longer timeframe
All comments welcome, good bad and indifferent.

Wyatt

Hi Wyatt,

Just has a quick look at this and these are my thoughts. There seems to be a lot of weakness (no demand bars marked by red arrows) in the background. There are others a little further back as well that I have not marked. The up thrust down bar (green arrow) marks a high at 1.815 on heavy volume which suggests profit taking and supply swamping demand. Although yesterday had an up bar on heavyish volume, it was unable to break the previous high (green arrow) and also unable to close out the day on a high (selling pressure) which suggests to me that sellers who have been caught in a bad spot in the previous 2 months ranging entering the market and trying to sell close to the high to get out of their positions. I personally wouldn't be trading a break out from this chart until I got some more information but that's just me and who knows, I could be completely wrong!

 

[Wyatt]

Hi Wyatt,

Just has a quick look at this and these are my thoughts. There seems to be a lot of weakness (no demand bars marked by red arrows) in the background. There are others a little further back as well that I have not marked. The up thrust down bar (green arrow) marks a high at 1.815 on heavy volume which suggests profit taking and supply swamping demand. Although yesterday had an up bar on heavyish volume, it was unable to break the previous high (green arrow) and also unable to close out the day on a high (selling pressure) which suggests to me that sellers who have been caught in a bad spot in the previous 2 months ranging entering the market and trying to sell close to the high to get out of their positions. I personally wouldn't be trading a break out from this chart until I got some more information but that's just me and who knows, I could be completely wrong!

View attachment 70188

Hi Cam,
Great reply, I really like your analysis, it makes a whole lot of sense, particularly about the thought processes of other market participants, I thought it looked a bit like the recent B/O of LNG in mid January, but it does not have the drying up of volume seen in that case or the higher lows or as many touches of the resistance line. What it does have is momentum over the medium term.

I would love to see more of your analysis skills, (will have to do a post search) What are you trading atm and why?

Wyatt